African nations finding solutions for energy infrastructure investment

2023-08-02 22:48:03
African nations finding solutions for energy infrastructure investment

African countries are not only becoming more vocal about gaining fair access to development capital, but also finding innovative solutions and rapidly implementing policy supports.

Even though the need and appetite for infrastructure investment has remained robust globally, especially after the pandemic showed the long-term attractiveness of the sector, the investment environment for infrastructure remains on the tougher side, with challenges to dealmaking and fundraising.

Industrialisation and economic development needs in regions like sub-Saharan Africa has meant that demand for infrastructure continues to gather pace while capital formation and mobilisation requires more innovation and collaboration – now – as identified by the Africa50 initiative, which is introducing cutting-edge financing techniques and encouraging blended finance initiatives.

Alongside becoming more vocal about having fair access to development capital, African countries are also innovating with their solutions and rapidly implementing policy supports including energy efficiency and other regulatory reforms such as those announced by South African President Cyril Ramaphosa in late July.

Read full article at African Business

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